India
India’s FX reserves decreased by USD 2.9 bln to USD 652.90 bln as of June 14, following record highs the previous week. The central bank
June 26, 2024
India’s FX reserves decreased by USD 2.9 bln to USD 652.90 bln as of June 14, following record highs the previous week. The central bank
The World Bank projects Indonesia’s GDP growth at 5% in 2024, with an increase to 5.1% in 2025 and 2026. The fiscal deficit is expected
Russian President Putin and Chinese Premier Li Qiang’s recent visits to Southeast Asia have highlighted the region’s interest in joining the BRICS economic bloc. That
Vietnam’s PM Minh Chinh directed ministries and local governments to enhance price management to control inflation ahead of a minimum wage increase set for July.
The US, Japan, and South Korea have strongly condemned the military cooperation between Russia and North Korea, labeling it a serious threat to stability. This
The Kazakh tenge has been one of the worst-performing currencies globally in June, with a 4% decline since the start of the month. This downturn
Ghana reached an agreement in principle with its Eurobond investors to restructure approximately USD 13 bln of debt. This new arrangement proposes increasing the haircut
Moody’s affirmed Nigeria’s Caa1 long-term foreign and local currency issuer ratings, maintaining a positive outlook. The affirmation reflects progress in external rebalancing and foreign exchange
Nigeria’s FX reserves increased to USD 33.6 bln as of June 20, 2024, from USD 32.7 bln on June 3, 2024, driven by higher crude
The IMF approved the immediate disbursement of USD 149.4 mln from Tanzania’s ECF, along with a six-month extension of the program to May 2026. Additionally,
Zambia plans to increase its 2024 budget by USD 1.6 bln to address a severe drought and begin servicing restructured external loans. That comes as
Paraguay’s central bank kept its policy rate unchanged at 6.0%. Despite slight increases in oil prices and declines in agricultural commodity prices, monthly CPI inflation
Peru’s central bank has revised its GDP growth forecast for 2024 to 3.1% from 3.0%, citing an upward bias. Inflation is projected at 2.2% by